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May 24, 2025, 11:15 AM
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| Financial Times: |
Sources: Builder.ai collapsed after it revised its 2024 revenue estimate from $220M to ~$55M and restated its previously reported 2023 sales from $180M to ~$45M — Failed UK start-up revised down revenues to just a quarter of prior estimates — Microsoft-backed Builder.ai collapsed …
More: Financial Times. Bluesky: @bondhack.ft.com, @bondhack.ft.com, @edzitron.com, @higgins.games, @mrmandolino.itch.io, @foxscionofthewoods, @alexandraheal, @alexandraheal, @cynthiao, @edzitron.com, and @bondhack.ft.com
Mastodon: @GossiTheDog@cyberplace.social and @GossiTheDog@cyberplace.social
LinkedIn: Mike Stevens, Robert Smith, and Ray Wyand
| Financial Times: |
Sources: Oracle will spend ~$40B on ~400,000 Nvidia GB200 chips and lease them to OpenAI at its 1.2GW Texas data center, billed as the first US Stargate project — The 1.2 gigawatts infrastructure project will be one of the largest in the world — Roula Khalaf, Editor of the FT …
More: Benzinga, The Decoder, Reuters, WebProNews, PYMNTS.com, SiliconANGLE, Wall Street Pit, TipRanks Financial, Tech in Asia, and ZeroHedge News
Bluesky: @edzitron.com and @edzitron.com
| Bloomberg: |
President Trump says that the tariffs he has threatened against Apple would also be aimed at “Samsung and anybody that makes that product” — “It would be more,” Trump said when asked at the White House whether his tariff threat would only apply to Apple.
More: Politico, 9to5Mac, The Hill, Reuters, The Indian Express, MacDailyNews, CGTN, News18, Cult of Mac, Sky News, The Economic Times, MarketWatch, CBS News, The Guardian, Times of India, Wall Street Journal, Financial Times, Korea Joongang Daily, The Verge, SamMobile, 9to5Google, CoinGape, Axios, Benzinga, Tech in Asia, iDrop News, SammyGuru, Phone Scoop, ProtoThema English, from Kiplinger in, Newser, Engadget, USA Today, Yahoo Finance, NBC News, Washington Examiner, New York Times, CNBC, Tech.co, HotHardware, crypto.news, Apple Must, Android Authority, PYMNTS.com, The Block, The Post Millennial, CNN, Air Cargo News, Decrypt, Proactive, Washington Post, Euractiv, Fox Business, FXStreet, Grabien, ABC7, NPR, The Independent, and Business Insider
X: @acyn, @spencerhakimian, @zerohedge, @jefftimmer, @zerohedge, and @darrigomelanie
Forums: r/Android and r/technology
| Jesse Pound / CNBC: |
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Bluesky: @tomcoates, @quillmatiq.com, @ericfoltz, @craigipedia, @tomcoates, @petertl, @timeforchange, and @mrsdeborahlynn. Truth Social: @realDonaldTrump …. Mastodon: @cafechatnoir@mastodon.social
X: @mingchikuo, @truthtrumpposts, @mingchikuo, @atabarrok, @zacksjerryrig, @devahaz, @rakeshsfnyc, @spencerhakimian, @markgurman, @atrupar, @pitdesi, @pkafka, @rolfewinkler, @tomwarren, and @mgsiegler
Forums: r/Sino, r/technology, r/qualitynews, r/finance, r/NewsOfTheStupid, r/Economics, r/politics, r/facepalm, r/technology, r/iphone, r/politics, r/ukpolitics, r/LeopardsAteMyFace, r/apple, r/centrist, r/iphone, r/WallStreetbetsELITE, r/DailyTechNewsShow, r/politics, r/apple, Ars OpenForum, and MacRumors Forums
| Bloomberg: |
Sources: Salesforce is in talks to acquire cloud data management company Informatica, reviving discussions that stalled in 2024; INFA closes up 17.45% — If a deal is reached, it could be announced as soon as next week, according to the people, who asked to not be identified because the discussions are private.
More: WebProNews, Reuters, SiliconANGLE, The Information, Barron's Online, and MarketWatch
LinkedIn: David Brown and Brody Ford
| Wes Davis / The Verge: |
X experienced a significant outage globally on Saturday morning, after a fire reportedly broke out in an Oregon data center owned by X on Thursday — Feeds aren't loading on X following a reported data center fire earlier in the week. … Elon Musk's X appears to be in the midst of a significant outage.
More: Wired, Reuters, The Economic Times, HotHardware, DatacenterDynamics, Forbes, and Engadget
Bluesky: @silvergoldsea, @jonowee, @oisinmcgann, @urbanelevations, @jafedorko, @oisinmcgann, @hellstar.plus, @gootik.xyz, and @danny.page. X: @dorialexander. Forums: r/technology
| Rest of World: |
The Shein India app, launched by Mukesh Ambani's Reliance Retail in partnership with Shein, has struggled to gain traction after launching in February — Early data shows the partnership is off to a slow start, as Reliance's retail machine struggles to cement its place in a market dominated by Amazon and Walmart.
X: @jeelanireports, @rinachandran, @restofworld, and @restofworld
| Daniel Kuhn / The Block: |
Polygon cofounder Mihailo Bjelic steps down from the project's development studio, Polygon Labs, and from the foundation board, marking the third founder exit — - Mihailo Bjelic is stepping back from his active role developing Polygon and from the foundation's board, according to an announcement on Friday.
More: crypto.news, Cointelegraph, Cryptopolitan, CoinDesk, and CoinGape
| Reuters: |
Sources: Nvidia plans to launch a new AI chip priced between $6,500 and $8,000, well below the $10,000-$12,000 the H20 sold for, after US export curbs — Nvidia (NVDA.O) will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model …
More: Tech in Asia
| Keith Broni / Emojipedia: |
Japanese carrier Docomo is discontinuing its emoji set, which was last updated in 2013 and became one of the most influential in history after its debut in 1999 — This week, it was announced that Docomo's emoji designs will no longer appear on any of the Japanese mobile network's devices.| Nilay Patel / The Verge: |
Q&A with Uber CEO Dara Khosrowshahi on the trade-offs with Route Share, Uber's business structure, autonomous vehicles, working with fleet operators, and more — Today, I'm talking with Uber CEO Dara Khosrowshahi. We recorded this conversation the day Uber announced a big set of product updates …
Bluesky: @edzitron.com, @martinsfp, @marypcbuk, and @reckless
X: @sarthakgh, @sarthakgh, @dannyocean555, and @laurakmiller
| Dan Gallagher / Wall Street Journal: |
A look at the rise of “sovereign AI”, wherein countries invest directly in chip companies like Nvidia and AMD, making AI chips a highly politicized business — As Nvidia and others strike deals with sovereign nations, their business will become politicized as never before
More: TipRanks Financial and The Motley Fool
| Phoebe Liu / Forbes: |
Metaverse startup Infinite Reality, which claims a $15B+ valuation, told shareholders it is rebranding as Napster, an “AI-powered digital experiences” provider — Florida-based metaverse startup Infinite Reality, which claimed to have raised one of this year's largest funding rounds … | Ryan Barwick / Axios: |
Utah-based Awardco, which makes HR software that helps AT&T, Adobe, and other clients manage employee rewards, raised a $165M Series B at an over $1B valuation — Awardco announced Tuesday it has raised a $165 million Series B, valuing the employee rewards platform at more than $1 billion.| Reuters: |
Thoma Bravo-backed Nearmap agrees to acquire property and casualty insurance tech provider itel from PE firm GTCR, a source says for over $1.3B, including debt — Thoma Bravo-backed Nearmap has agreed to buy insurance technology provider itel from private equity firm GTCR …
More: Nearmap, Life Insurance International, Tech in Asia, and Bloomberg Law
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X: @eleanorterrett, @mikeisaac, @pitdesi, @adamscochran, @nprinskeep, @danprimack, @wutangkids, @themainewonk, @krassenstein, @darrigomelanie, @giantbabycorn, @chrismurphyct, and @calltoactivism. LinkedIn: Benjamin Weiss
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Bluesky: @skynetandchill.com. Mastodon: @carnage4life@mas.to. X: @sleepinyourhat, @austen, @8teapi, @growing_daniel, @benhylak, @repligate, @emericdecroix, @itsgeorgepi, @asynccollab, @intellect256, @suryaoruganti, @marcaruel, @darrenangle, @sporadicalia, @spengrah, @dxrmok, @we4v3r, @undeservingfut, @soniasarao_, @pranav_so, @billyperrigo, @generatorman_ai, @skkjava, @ass_computer, @samlakig, @runekek, @dguido, @asynccollab, @dorialexander, @jacobwolinsky, @petersalib, @ghiggly, @kevinroose, @sleepinyourhat, @sleepinyourhat, @sleepinyourhat, @sleepinyourhat, @sleepinyourhat, @sleepinyourhat, and @sleepinyourhat
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